Alabama Drops Enforcement Action Case Against Coinbase

Alabama Drops Enforcement Action Case Against Coinbase

Alabama has officially become the fifth state to drop its enforcement action against cryptocurrency exchange Coinbase

Alabama Drops Enforcement Action Against Coinbase, Halving States With Staking Lawsuits in Two Months

The state of Alabama has dropped its enforcement action against Coinbase, a leading U.S. cryptocurrency exchange platform. This move reduces the number of states pursuing staking-related lawsuits against Coinbase by half within the past two months. The decision reflects a broader shift among both Republican and Democratic states toward recognizing cryptocurrency as a key component of the financial future and reversing previously aggressive regul…

Alabama drops staking lawsuit against Coinbase – MAXBIT

Half of the US states that filed litigation against Coinbase in 2023 have dismissed their lawsuits against the cryptocurrency exchange. The Alabama Securities Commission, a financial regulator for the US state, dropped its lawsuit against crypto exchange Coinbase, which accused the company of violating securities laws by offering staking services to clients. The regulator cited...

Alabama Drops Lawsuit Against Coinbase Over Staking Services - FinanceFeeds

The Alabama Securities Commission has dismissed its lawsuit against Coinbase, ending a legal challenge that accused the crypto exchange of violating securities laws through its staking services. In a legal filing dated April 23 and shared by Coinbase Chief Legal Officer Paul Grewal, the regulator cited ongoing efforts between the U.S. Securities and Exchange Commission (SEC) and the crypto industry to develop clearer regulatory guidelines. “The …

Alabama drops staking lawsuit against Coinbase

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Crypto Task Force Mentioned in Alabama’s Decision to Drop Coinbase Lawsuit - Bitcoinsensus

Alabama drops lawsuit against Coinbase after two years of legal battles, signaling a shift in regulatory pressure on crypto staking services and potentially influencing other states’ approaches to enforcement Coinbase’s CLO calls out five states still pursuing lawsuits, arguing that they are wasting taxpayer money while restricting consumer access to staking rewards programs on their preferred platform The SEC’s Crypto Task Force, led by Senator…